New member in Baltimore

[Susan K.]

Hello, I am looking into turning our current home into​ a rental property as we look to buy a new home. This is a pretty scary and new proposition for me and or family so I am looking for advise, books and blogs to read that can offer advise on moving forward and using rental property and future properties as a long term investment strategy. I am also an architect so I understand construction, real estate(in general) and general contracting. So I can share my knowledge with others as well. Thanks, Susan

[Tim Youse]

Welcome Susan. You might want to have a few property management companies come in and give you their thoughts - and see how much they think your place could rent for. They can offer advice as well if your place needs anything prior to renting it. You can also check sites like rentometer.com to see what various rents are near you. In Baltimore, you will have to have your place registered with the city as a rental and you'll have to have a lead inspection.

You might want to check out the Bigger Pockets rental calculator to see how much your property will cash flow.

https://www.biggerpockets.com/buy-and-hold-calculator

GL!